adjacent neighborhoods also contain underutilized industrial space.ccording to some experts, new enterprise will succeed only if it exploits fundamental geographic advantages. commerce in roxbury, for instance, should capitalize on close physical connections to the central business district. here, proximity can partially compensate for a population with low worker skills. hopeful that their at lproposal integrates. the best economic, political and urban geography, the boston team meets one last time before submission. what we have been able to do, i believe, is to incorporate all of the important points that people have made. narrator: they submit the proposal and begin the waiting game. six months later, the winners are announced, and boston receives a $47 million second prize. ( young men cheering ) narrator: though less than hoped for, the money will fund the highest priorities. six years later, and the landscape shows signs ofevitalation. woman: whoa, stay on the sidewalk! narrator: in south boston, this seafood processing company received federal

and it is a clay that underutilizes a lot of our soils where they will expand and swell and in big elyears, which will push them off the landslide. so the clay underlining the soil is what causes that problem in many areas. some suspecting that is where the usgs will put those metering lights with the most clay, which is the areas with the most slides. first snowfall out in the rockies, that's what's left over from our weather system as you can see the cloud cover, just kind of everywhere, but here. clear overnight sets us up with a cool night. already it's 54 in fairfield and walnut creek. so right now it will be chilly overnight tonight. that is sort of the weather headliner really. not that it is freezing, but frost that we had it this morning and we'll have it again tomorrow morning with their valley fog as well, we're not used to those temperatures up in the known portions of the valley or even 43 in con court, which is chilly. they tell you when the fog will form and how much cooler it will be. so when they reach, tonight is the dew point. say it is 45. inland 45 degrees reachin

however, for different questions, you might want prefer measure of underutilization. so we publish six of them every month, and the most inclusive, we fondly call u6. t includes all of the discouraged workers and everybody who has a part-time ob who would prefer to have a full-time job is measured in the category, the underutilized category. that number is higher and this 9.8%., it came down to so if that's the number you prefer to follow, you can do that with the statistics we provide. pattern out the same over time as the official unemployment rate, but because it's more inclusive, it is higher, and it's another way of measuring distress of the labor market market. host: steve talked about being unemployed and taking unemployment. nother chart thing that you bls, duration of unemployment. guest: all right, so every survey people, people ouseholds, when -- when it's determined by their description that people are unemployed, we ask them how long they've been searching for work, and so we can divide up our unemployed -- our pool of the loyed people by duration of unem

asset asks resources and they realize that -- assets and resources and they realize that these are underutilized and underdeveloped resources that could add to the solution. and so we're working with the students at usf and we've done a mapping program where we've looked at these properties and we've sort of overlaid them on the city's zoning map. and we are identifying housing or properties that could be developed for rental programs for those folk that rita just described. >> uh-huh. >> and in the midst all of that, we were engaged by the mayor's office to get involved with prop a.. by the time this airs that election will already have taken place, but it's a $310 million general obligation bond that will help to really move affordable housing for the missing middle. if you will. as well as for those who are in the below market rate category. stay in san francisco. >> that's the first time the interfaith council has taken a position on a proposition. is that right? >> and interestingly that essential housing task force spurred us on to do that. i'm sort of pleases at the resolve that's brought

and everybody who has a part-time job would prefer to have a is measured in the unemployed or underutilized category. that number is higher and this month it came down to 9.8%. if that's the number you would prefer to follow you can do that in the statistics we provide. has about the same pattern over time as the official unemployment rate but because it's mark loses it is higher. it's another way of measuring distress and labor market. beinghe talks about unemployed and taking unemployment. the traffic came out with. guest: every month when we people --ple, with determined by their prescriptions to unemployed we asked them how long they've been searching for work so we can divide up our pool of unemployed people by the duration of unemployment. this chart shows you those buckets. recession caused a tremendous spike in long-term unemployment shown in bowls. biket's on the mend this has down. it's not back down to where was the more that it has come down hugely. there is still a disproportionate number of long-term unemployed but we made a tremendous amount of progress. it has been declining

populous species, he passionately promotes the just as good and usually better less known and underutilizedys and that wasn't being represented properly in all the restaurants. all of a sudden i hear about this guy who has the most beautiful fish you've ever seen, but you got to go to the dock and get it. >> frustrated by the conventional wisdom, mishandling of fish by other distributors and the narrow range on the market, he became his own dealer, starting abundant seafood, one of the country's first cfss, or community supported fisheries. he's changed the way people think about so-called trash fish. >> look at how beautiful that is. >> today's catch, trigger fish. any market for these things? >> oh, my god. >> yeah? >> we can't keep it in house enough. >> really? >> really. >> the crazy thing is, like, even five years ago there wasn't a single one of these on the menu. before we all knew mark, everyone had the same crap on the menu. tuna, salmon, grouper, snapper, which is delicious stuff but as we all know, we've overfished that. mark really taught all of us the beauty of stuff like this

>> i found myself with a big house, underutilized asset. >> karina decided to rent her basement throughi want toia what i've got, what i own. i want to lempl that. >> ricki checked out her ad, found great reviews. this is my favorite place to stay in st. george. it's spacious, clean, the nicest host. >> if you look at profile ratings, it's all five gold stars. >> hey, you made it. you found us all right. >> so ricki decided to stay there. they gave her the secret code to the door. >> you use your code we gave you to get in. come on in. i'll show you around. >> wow, this is big. >> yeah. you've got the whole basement to yourself. it's locked off from the upstairs. so you won't have any kids coming down here at all. this is kind of your kitchen area, microwave. help yourself to any food you found in the frig. >> he rents the house for less than $70 a night. he said that gets renters a lot. >> we have a swimming pool over here. there's towels in the pool house. if you were to have had kids, your kids are free to play on the jungle gym back there. there's a zip line on the jungle gym. >> a

unfortunately the program has been underutilized in our view. the rate for wild fires is high. my union worked with representatives bishop in the house and senator in the senate on flexibility act. i would like to thank senator johnson for his assistance in bringing the bill forward when it was passed and signed into law by the president in august. experience is hard earned on the fire line. prior to passage of the legislation, the firefighter career path was blocked by flawed and dysfunctional regulations which prevented long-term temporary employees from being able to advance their creaser. because of the barrier of career advancement many firefighters have left. it would ensure that they are allow to compete for permanent positions when they become vacant. i'm disappointed to report that that we are still awaiting opm to issue implementation guidance to federal agencies, unfortunately, while we wait hiring workforce is already underway. agencies are not considering long serving seasonal firefighters for career positions under merit promotion. if this doesn't change within th

and everybody who has a part-time job would prefer to have a is measured in the unemployed or underutilizedory. that number is higher and this month it came down to 9.8%. if that's the number you would prefer to follow you can do that in the statistics we provide. has about the same pattern over time as the official unemployment rate but because it's mark loses it is higher. it's another way of measuring distress and labor market. beinghe talks about unemployed and taking unemployment. the traffic came out with. guest: every month when we people --ple, with determined by their prescriptions to unemployed we asked them how long they've been searching for work so we can divide up our pool of unemployed people by the duration of unemployment. this chart shows you those buckets. recession caused a tremendous spike in long-term unemployment shown in bowls. biket's on the mend this has down. it's not back down to where was the more that it has come down hugely. there is still a disproportionate number of long-term unemployed but we made a tremendous amount of progress. it has been declining for f

i see underutilization of labor resources as having diminished significantly since earlier in the year although recently we've seen some slowdown in the pace of job gains recently. so with that sort of backdrop in mind, and of course inflation i should say is as you mentioned running considerably below our 2% objective, nevertheless, the committee judges that an important reason for that related to declines in energy prices and the prices of nonenergy imports. and that as those matters stabilize, that inflation will move back up to our 2% target. so with that sort of economic backdrop in mind, the committee indicated in our most recent statement that we thought it could be appropriate to adjust rates at our next meeting. now, no decision at all has been made on that. and what it will depend on is the committee's assessment of the economic outlook at that time and that assessment will be informed by all of the data that we receive between now and then. so what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further impr

guy said the effects in energy are transitory and i think they are and i think underutilization in theor market is starting to go away and i think the equity market is not positioned. and i believe in fixed income instruments, rates will barely move. after they move a little bit. but equity markets have priced in the fact that it is going to be a forever time where the fed is going to be their friend and that is not the case right now in the markets move and positioning. >> quickly. >> i look at the pharma space. and it is not because it is defensive. you look at the pipeline and the growth and the numbers. they are doing very, very well. and plus you get yield. >> up next, good news for the consumers. prices at the pump are falling so what should you be doing with the money. we have the next big decision next. >>> and shake shack ahead of earnings tomorrow and we'll tell you what has them so excited when "fast money" comes right back. in panama, which is a city of roughly 2 million people, we are having 5,000 new cars being sold every month. this is a very big problem for us with resp

the place is definitely underutilized. i look to the left, and there's this big counter with nothing on it, nothing merchandised on it. it definitely has room for improvement. paul: i mean, this is a great place. i love the job and everything. it's just that sometimes it gets a little bit stressful when you don't know what's going on. lemonis: what kinds of things are you -- paul: like money, really, to be honest with you. sometimes, we're asked if we mind waiting for our checks a week or two. we've had problems paying for product. so we've all pooled our money together on several occasions -- -lemonis: people that work here? -paul: yes. ...and helped them out. lemonis: how much are we talking? 100 bucks? paul: a couple hundred each. lemonis: in what business are the employees actually buying the inventory? they have bills to pay. this business is in real trouble. how are you? gary: good. -lemonis: i'm marcus. -gary: i'm gary. lemonis: gary, nice to meet you. this is an unbelievable location. how long have you been here? -

this program has within underutilized in our view. the attrition rate for the wild land firefighters is alarmingly high. i'm glad that we worked with those on the land management workforce flexibility act. i would like to thank senator johnson for his assistance in bringing the bill forward for a vote where i was passed by unanimous consent and signed into law by the president. experience is hard earned on the fire line. prior to the pass aj of this legislati legislation, the career path was blocked and prevented long term temporary employees from being able to advance their careers. because of this barrier to career advancement, many skilled firefighters left taking their valuable skills with them. with this legislation signed into law, it will@%8x ensure th the long term temporary employees allowed to compete for permanent positions when they become vacant. i'm disappointed to report that we are still awaiting opm to issue everyone mentation guidance to federal agencies. unfortunately while we wait, hiring for next year's firefighti

over the last four years, the unemployment rate based on these higher levels of underutilization, theity of people working part-time, to possibly be full-time workers, has fallen below the long-term average. it is not that that is a critical problem and that profits will be enough live, but the trajectory of decline in unemployment is one percentage point drop in unemployment per year, for five years now. tom: it has been a huge success. marvin goodfriend was on "bloomberg surveillance" last week, and he and alan meltzer, his colleague, are in the aggregate analysis of america. angus deaton, alan krueger, say there are two americas. do i go bimodal, or do i have to go with the high? steven: you cannot adjust these sort of disaggregated issues with macro holidays. that becomes part of the problem, that you look now and you take a look at unfilled job openings in the united states, there is little variation month-to-month. but we are at all-time highs in unfilled job openings in the united states. there are people who do not have skills at a particular pay level to fill those unfilled p

this program has been underutilized. the attrition rate for the firefighters is high, i am proud my union work with senators in the house. i would like to thank senator johnson for bringing it forward for a vote where it was passed for unanimous consent. for a firefighter experience is harder experiences hardened on the firelight. prior to passage of the legislation the career path was blocked by flawed and dysfunctional regulations which prevented long-term temporary employees from being able to advance their careers. because of this barrier to career advancement many firefighters left taking their skills with them. with this legislation signed into law it will ensure these long-term temporary employees are allowed to compete fairly for positions when they become vacant. i am disappointed to report that we are still awaiting opm to issue guidance to federal agencies. unfortunately while we wait, hiring for next years firefighting workforce is underway pending opm guidelines, if this doesn't change within the next few we

unfortunately the program has been underutilized in our view.the attrition rate is alarmingly high. i'm proud my union work with representatives in the house and senate on land management workforce flexibility act. i like to thank senator johnson for his assistance and in bringing the bill forward for boat where it was passed with unanimous consent and signed into law in august. experiences harder and on the fire line, prior to this legislation the firefighter career path was blocked by flawed and dysfunctional federal regulations which prevented long-term temporary employees from being able to advance their careers. because of this barrier to career advancement many firefighters left taking their valuable skills with them. with the legislation in law it will insure ensure these long-term temporary employees are allowed to can peat fairly for permanent positions when they become vacant. i'm disappointed to report that we are still awaiting opm to issue implementation guidance to federal agencies. unfortunately while we wait, hiring for next year

unfortunately this program has underutilized.i am pleased to work with those in the house and the senate with the land management workforce flexibility act. senatorlike to thank johnson for his assistance in bringing the bill forward for a vote, where it was passed by unanimous consent and signed by the president in august. for a firefighter, wire to the legislation, the firefighter career path was blocked by fraud and functional that prevent employees from being able to advance their careers. because of this barrier to career advancement, any firefighters eventually left, taking their valuable skills with them. legislation signed into law, it will allow the employees to compete for positions when they become vacant, thereby maintaining skills in the workforce. i am disappointed to report that while we are still waiting oh p.m. to issue guidance, unfortunately, while we wait, hiring for the workforce is already underway. pending opm guidance, they are not considering firefighters for career positions. change withinot the next few

i see underutilization of labor resources having diminished significantly since the beginning of thehough recently we have seen slowdown in the pace of job gains recently. so, with that sort of backdrop in mind, and inflation running considerably below our 2% objective, nevertheless the committee judges that an important reason for that relate to declines in energy prices and the prices of non-energy imports, and that as those matters stabilize, that inflation will move back up to our 2% target. so, with that sort of economic back drop in mind, the committee indicated in our most recent statement that we thought it could be appropriate to adjust rates at our next meeting. now, no decision at all has been made on that. and what it will depend on is the committee's assessment of the economic outlook at that time and that assessment will be informed by all of the data that we received between now and then. so, what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market. and to return in

don't underutilize it. i was thankfully able to access that at fort polk.nd i think it is a challenge that spouses face underemployment, they are getting these entry-level jobs and are not able to progress. to corporatervice america, because you could be tapping into a greater skill set if you of value-added the talent -- if you evaluated the talent that is there. thankfully she saw through all of that. i saw she had a good thing here. >> hopefully. a greatd you made impact. something i can definitely not answer, but i bet our panelists can -- what is it like to be a millennial and the job market? there are some negative stereotypes out there, we will steer clear of those. are known for, prioritizing education, pushing marriage back to focus on education and career aspirations. that,ays to connect with i would say, flexibility is important, and that would certainly resonate with a military spouse or caregiver, whether that is telework or starting in a position in an into ato translate virtual position. i think the important thing to remember -- you touched

don't underutilize it. i was thankfully able to access that at fort polk.nderemployment is a challenge a lot of spouses face. they are not able to progress in under employment jobs. you could be tapping into a greater still -- skill set if you understood your -- if you evaluated the talent. >> thankfully she saw through all of that and thought she had a good thing here. amy: hopefully. >> you made a great impact. something i definitely cannot answer, but i'm hoping my panelists can, what is it like to be a millennial and the job market -- in the job market? >> there are some negative stereotypes. some things we are known for, prioritizing education. withme ways to connect that i would say, flex ability is important. certainly recognize of a military spouse or health cover -- health caregiver. i think the important thing to ,emember as far as millennial's most and thing about a job as quality of what you're doing. do you feel like you're giving back and it is meaningful. i think that is where the being open to moving something to a virtual position. you touc

will take consistency and training to the next level of a unfortunately, the program has been underutilized in our view. the rate for the wildfires is alarmingly high. i'm proud of my union worked with representatives jerry connolly and rob bishop in the house and the senator in the senate on the land management workforce flexibility act. i would like to thank senator johnson for his assistance in bringing the bill forward for the vote was passed by unanimous consent and signed into law by the president in august. for the wild and firefighters he experienced this on the front line. prior to the passage of the legislation the firefighter career path was blocked by the flawed dysfunctional federal regulations which prevented long-term temporary employees from being able to advance their careers. because of the barrier to the career advancement many firefighters eventually left taking their valuable skills with them. with the legislation signed into law it will ensure that these these three employees are allowed to compete fairly for the permanent positions when they become vacant thereby reta

i see underutilization of labor resources as having diminished significantly since earlier in the year, although recently we've seen some slowdown in the pace of job gains recently. so with that sort of backdrop in mind, and of course inflation i should say is as you mentioned running considerably below our 2% objective, nevertheless, the committee judges that an important reason for that related to declines in energy prices and the prices of nonenergy imports. and that as those matters stabilize, that inflation will move back up to our 2% target. so with that sort of economic backdrop in mind, the committee indicated in our most recent statement that we thought it could be appropriate to adjust rates at our next meeting. now, no decision at all has been made on that. and what it will depend on is the committee's assessment of the economic outlook at that time and that assessment will be informed by all of the data that we receive between now and then. so what the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further imp